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Level 1
June 6, 2019
Question

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

  • June 6, 2019
  • 4 replies
  • 14 views
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4 replies

Level 2
June 6, 2019
Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 
Level 2
June 6, 2019
Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 
Level 2
June 6, 2019

Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 

Level 2
June 6, 2019
It is saying that the amount I paid in Tier 1 Tax is wrong. I made the Max  amt for Tier ! which is 7960.80. Please help